Reporting and auditing of lump-sums for ICPC beneficiaries Sample Clauses

Reporting and auditing of lump-sums for ICPC beneficiaries. As the lump-sums are calculated on the basis of researchers/year, the reports submitted by the ICPC beneficiary will include the financial Form C and the number of actual hours worked by the researchers on the project. Consequently, the beneficiary will keep a record of the time (e.g. timesheets) worked by the researchers on the project The Commission services and the other entities authorised by the ECGA may carry out audits on the premises of the beneficiary to verify its compliance with this requirement As the beneficiaries are paid on the basis of lump-sums, there is no requirement to submit certificates on financial statements, even if the EU/Euratom contribution is above the threshold of EUR 375,000.